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U.S. EPA MACT Rules Buoys Air Pollution Control Equipment in the Global Energy and Power Industry - Competitive pricing to help market participants stave off competition from foreign companies
U.S. EPA MACT Rules Buoys Air Pollution Control Equipment in the Global Energy and Power Industry

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2011/11/30 - Competitive pricing to help market participants stave off competition from foreign companies.

   
 
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The global air pollution control equipment market in the energy and power industry is expected to grow significantly once the utility and oil and gas industries comply with the increasingly stringent environmental regulations. As the future of existing power plants is uncertain due to new regulations focusing on efficiency and reduction in capital costs, the market is expected to grow only gradually until 2014.

New analysis from Frost & Sullivan’s (environmental.frost.com) Analysis of the Global Air Pollution Control Equipment in Energy and Power Market research finds that the market earned revenues of $7.27 billion in 2010 and estimates this to reach $9.69 billion in 2017.

If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers[.]frost.com, with your full name, company name, title, telephone number, company email address, company Website, city, state and country.

The U.S. Environmental Protection Agency (EPA) Maximum Achievable Control Technology (MACT) rules will compel solution providers to re-evaluate their technology solution requirements to fulfill emission regulations. Planned projects between 2011 and 2013 are likely to be delayed until 2014.

The market will also be affected by increased market saturation due to the influx of solution providers from Asia. These companies are looking to penetrate the retrofit market by offering solutions at competitive prices. This will increase price competition within regions and will result in a significant number of mergers and licensee partnerships between local solution providers and foreign companies.

Many regions have accepted that the medium- to long-term supply of non-renewable energy will drive the demand for air pollution control equipment.

“Upcoming markets are likely to follow in the footsteps of mature markets, such as North America and Europe, by implementing emission control technology,” said Frost & Sullivan Research Analyst Ankur Jajoo. “The installation of such technologies at refining and power generation facilities present opportunities in the regions of Asia Pacific, Africa, Middle East, and a part of South America, as they slowly begin to comply with regulations.”

Solution providers are aiming to meet the high demand from oil and gas refineries to treat the emissions produced onshore and offshore. Fabric filters (baghouses), selective catalytic reduction, flue gas desulfurization, and sorbent injection technology are likely areas of long-term growth. Fabric filters are now considered replacements for electrostatic precipitators and are anticipated to experience the largest rise in market share.

“Market growth can be catalyzed by focusing on the development of more energy efficient, compact treatment solutions for emission control and the long-term usage of non-renewable energies such as coal, oil and natural gas,” said Jajoo. “Solution providers constantly seek innovative applications for new technologies and are exploring the aftermarket potential of the waste collected to ensure further environmental sustainability.”

Analysis of the Global Air Pollution Control Equipment in Energy and Power Market is part of the Environmental Growth Partnership Services program, which also includes research in the following markets: Strategic Profiles of the Leading and Emerging Companies in the Global Water Industry, Hazardous Waste Management, Outsourcing Opportunities in the North American Municipal Water Sector, United States Water and Wastewater Treatment – Regional Opportunity Analysis (Northeast), and North American On-Site Hypochlorite Generation Technology Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in collaborating with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit frost.com.

Analysis of the Global Air Pollution Control Equipment in Energy and Power Market / N94F-15

 
 
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U.S. EPA MACT Rules Buoys Air Pollution Control Equipment in the Global Energy and Power Industry

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